Smucker board OKs additional 5 mln stock repurchase plan

SAN FRANCISCO (MarketWatch) - J. M. Smucker Co.'s
SJM, +0.48%
board of directors approved an increase to the company's share repurchase plan by 5 million shares, the company said late Tuesday. In the third quarter, Smucker completed the repurchase of about 1.6 million common shares. The manufacturer of fruit spreads and peanut butter has about 57.5 million shares outstanding.

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